Insider threats: whether malicious, negligent, or accidental are among the most costly cybersecurity risks. Their financial impact continues to climb, with recent data showing staggering losses across sectors.
Industry-Wide Costs
- Global annual cost: Estimated at $16.2 billion in 2024, up from $15.4B in 2022
- Average cost per incident: $648,062
- Median cost per incident: $250,000–$300,000, depending on sector and scope
Cost Breakdown by Insider Type
| Insider Type | Avg. Cost per Incident | Notes |
|---|---|---|
| Malicious Insider | $871,686 | Includes data theft, sabotage, espionage |
| Negligent Insider | $307,111 | Most common type; includes accidental leaks, misconfigurations |
| Credential Theft | $804,997 | Often leads to prolonged undetected access |
Sector Comparison
| Industry | Avg. Cost per Incident | Median Cost | Notes |
|---|---|---|---|
| Financial Services | $870,000+ | $600,000 | Highest frequency of insider-related breaches |
| Healthcare | $740,000 | $500,000 | High regulatory penalties and data sensitivity |
| Manufacturing | $600,000 | $400,000 | IP theft and sabotage risks |
| Government | $580,000 | $350,000 | Often targeted for espionage |
| Tech & SaaS | $520,000 | $300,000 | Credential misuse and data exfiltration |
| Retail & eCommerce | $480,000 | $250,000 | Payment fraud and customer data leaks |
Sources: Ponemon Institute, Verizon DBIR, Proofpoint, IBM Security
Most Expensive Cases
- A financial firm suffered a $5.2M loss from a malicious insider who exfiltrated client data over 18 months
- A healthcare provider paid $3.8M in fines and remediation after an employee accidentally exposed patient records
- A tech company lost $4.1M due to stolen credentials used for IP theft and cloud resource abuse
Trends to Watch
- Detection delays: Insider threats take an average of 85 days to detect, increasing remediation costs
- Cloud environments: Credential misuse in cloud platforms is driving up costs
- Regulatory fines: Especially in healthcare and finance, penalties are compounding breach expenses